| A | B |
|---|
| Insufficient Funds | When a bank account does not contain enough money to cover a specific check. |
| Overdraft | when a person takes out more money than they have in their checking account. |
| Outstanding Checks | checks that have not been processed by the bank. |
| Bank Statement | monthly document outlining the activity of your checking account normally issued by your bank. |
| Endorse | To sign the back of a check to receive payment. |
| Balance | amount of money remaining in account. |
| Cancelled Checks | checks that have been processed by the bank and deducted from your checking account. |
| Service Charge | monthly fee a bank charges for handling a checking account. |
| Check Register | journal/booklet used to record deposits and expenditures in and out of a bank account. |
| Joint Account | A bank account owned by two or more persons. |
| Individual Account | An account established in the name of one individual (one social security number is on file). |
| Account Number | unique number assigned to a bank account. |
| Filing System | used to keep important documents organized. |
| Reconciliation | used to make sure bank statement and check register are in balance (means to settle) |
